FOREX BROKER COMPARISON · OCTOBER 2026

Featured forex broker ranking

Start with these featured brokers when you are comparing account conditions, platforms, current offers and available information. A rank is not a substitute for checking the terms that apply to you.

Editorial rankingScored by the editorial team on seven published criteriaSee the users' choice ranking ↓
1st

XS

A practical option for traders who want to compare Standard and Cent account options before moving to other account types.

4.6 / 5.0
MAX. LEVERAGE
Up to 1:2000*
CURRENT OFFERS
Up to JPY 5,000 · Current offer conditions apply
  • Standard account options with no stated minimum deposit
  • Cent account option for smaller contract sizes
  • MT4 and MT5 availability
Open a XS account
2nd

HFM

A broker to consider when you want to compare a Premium account with other account types and current promotion eligibility.

4.5 / 5.0
MAX. LEVERAGE
Up to 1:2000*
CURRENT OFFERS
20% on every deposit, up to USD 5,000 · 100% on your first deposit, up to JPY 45,000
  • Premium account with no stated minimum deposit
  • MT4, MT5, WebTrader and HFM App
  • Current bonuses and campaigns may be available
Open a HFM account
3rd

Axi

An option for users who want a commission-free Standard account or a raw-spread Premium account, plus a proprietary app alongside MT4 and MT5.

4.4 / 5.0
MAX. LEVERAGE
Up to 1:1000*
CURRENT OFFERS
25% of the first deposit, up to USD 500 · JPY 5,000 cashback
  • Standard, Premium and Elite accounts
  • Commission-free Standard from 0.7 pips on EUR/USD with no set first-deposit amount (payment-method minimums only)
  • MT4, MT5, the Axi app (Standard account) and copy trading
Open a Axi account

CURRENT OFFERS

Bonuses and campaigns

Check the eligible account, conditions and period instead of choosing only by the headline amount.

All current offers →
HFM logoBONUS

Top-Up Bonus · 20% Deposit Bonus

20% on every deposit, up to USD 5,000

A standing trading bonus credited on every transfer into an HFM Top-Up Bonus account. The bonus itself cannot be withdrawn, but profits made with it can.

HFM logoBONUS

Halloween 100% Deposit Bonus (2026)

100% on your first deposit, up to JPY 45,000

From 26 October 14:00 to 2 November 23:59 JST, the first deposit into a Top-Up Bonus account during the period is matched 100% as trading bonus, up to JPY 45,000. New and existing clients with a verified account are eligible.

HFM logoCAMPAIGN

Yukemuri Challenge (Hot Spring Challenge)

Hot spring trip plus JPY 500,000 by draw; cash prize for every Prize B qualifier

From the afternoon of 5 October to 30 October 2026 23:59 JST, clients who meet the deposit and trading-volume conditions qualify for prizes. Prize A: a draw for 10 clients, each choosing a luxury hot spring trip for two plus JPY 500,000, or JPY 630,000 in cash. Prize B: a cash prize of JPY 8,000 to JPY 110,000 for clients who meet the conditions.

HFM logoCAMPAIGN

Autumn Harvest (Partner Promotion)

Draw for an Apple product set or JPY 819,200 in cash

From the afternoon of 5 October to 27 November 2026 23:59 JST, a promotion for HFM partners (IBs and affiliates). Based on the results of clients registered through the direct affiliate link of the partner, reaching two of three targets (trading volume, cash flow and new active clients) enters the partner into a draw for Apple products or cash.

HFM logoBONUS

Bonus Hunter · JPY 45,000 Trading Funds, No Deposit

JPY 45,000 in trading funds, no deposit required

A standing HFM promotion: open a Bonus Hunter account with JPY 45,000 in trading funds, and once the official conditions are met, transfer the profit to a Top-Up Bonus account to convert it into a 100% deposit bonus of up to JPY 150,000.

Vantage Trading logoBONUS

Registration Bonus

Current offer conditions apply

A trading credit offer subject to identity verification, account and other official conditions.

XS logoBONUS

Welcome Bonus

Up to JPY 5,000

A promotion subject to the account, residence and other official eligibility conditions.

XS logoBONUS

First Deposit Bonus

Current offer conditions apply

A first-deposit promotion subject to the eligible account and official terms.

INFINOX logoBONUS

20% Deposit Credit Bonus

20% trading credit

A limited-period deposit-credit offer for eligible INFINOX clients and approved MT4 or MT5 accounts.

Axi logoBONUS

25% Cushioning Deposit Bonus (JP25Axi)

25% of the first deposit, up to USD 500

Running since 14 August 2026 and continuing through October 2026: residents of Japan who apply the promo code JP25Axi in the client portal, deposit at least USD 125 and place at least one trade receive 25% of that first deposit as trading credit, up to USD 500 per client.

Axi logoCAMPAIGN

Peska Deposit Cashback

JPY 5,000 cashback

An October 2026 campaign marking the addition of Peska as an Axi deposit method. Deposit JPY 50,000 or more to Axi through Peska in a single payment and complete at least one trade during the period to receive JPY 5,000 in your Peska account within 10 business days. It is open to clients who open a Peska account during the period, or who hold one but have never deposited to a broker through it.

Axi logoBONUS

100% Loyalty Bonus (AXI100)

100% of each deposit, up to USD 10,000

Apply the promo code AXI100 in the Axi client portal, then deposit USD 500 or more to receive the same amount as trading credit, on every qualifying deposit up to USD 10,000 per client. The promotion runs from 1 October to 31 December 2026 (UTC). It is open to residents of France, Italy, Switzerland, Spain, Belgium, Hungary, Canada, Latin America, the Caribbean and the French overseas territories listed in the terms; residents of Japan are not eligible. The credit cannot be withdrawn and does not cover losses.

Monaxa logoBONUS

Lifetime Bonus (30% Deposit Bonus)

30% on deposits, up to USD 6,000 in total

A standing trading-credit offer on every deposit or internal transfer into a dedicated MT4/MT5 Lifetime Bonus account, until cumulative deposits reach USD 20,000. The credit itself cannot be withdrawn.

Monaxa logoBONUS

Welcome Bonus USD 50

Deposit USD 25, receive USD 50

A standing offer for first-time depositors: a single USD 25 deposit into a dedicated MT4/MT5 Welcome Bonus account receives USD 50 in trading credit. The credit itself cannot be withdrawn.

AXIORY logoBONUS

15th Anniversary Welcome Package

USD 100 no-deposit + 100% first deposit, up to USD 745

An invitation-only promotion for new clients until 31 December 2026 (JST): a USD 100 no-deposit credit plus 100% of the first deposit into the same account, capped at USD 645. Credit cannot be withdrawn.

AXIORY logoCAMPAIGN

Gold (XAUUSD) Leverage up to 1:2000

Gold margin moves from a fixed 1:100 to the account leverage

From 25 September 2026, margin on gold (XAUUSD) at AXIORY is calculated with the same leverage setting as forex pairs: up to 1:2000 on the Max account and up to 1:1000 on Nano, Standard and Tera, subject to equity tiers across all live accounts. No end date and no application required.

DecodeFX logoCAMPAIGN

Peska Deposit Cashback

JPY 5,000 or USD 35

An October 2026 campaign for clients who submit the application form, deposit to DecodeFX through Peska in a single payment and trade the required volume in FX or precious metals. First-time Peska depositors need JPY 50,000 (USD 350) and 2 lots; clients who have deposited through Peska before need JPY 100,000 (USD 700) and 15 lots. The cashback is a fixed JPY 5,000 or USD 35.

XS logoCAMPAIGN

XAGUSD (Silver) Volume Cashback

Up to USD 35 per lot

A limited-time campaign marking XS's tighter spreads on silver (XAGUSD). From Monday 12 October 2026 06:00 to Saturday 31 October 05:59 (Japan time), trade a total of 3 lots or more of XAGUSD on a Standard account and receive USD 20 to 35 per lot depending on your total volume. Only positions held for 2 minutes or more count, and 150 lots or more earns USD 35 per lot with no cap. The cashback is paid to your XS wallet within about 5 business days after the campaign ends.

COMPARISON TABLE

Compare featured forex brokers

On mobile, scroll the table horizontally. Account, residence, legal entity and instrument can affect conditions.

BrokerEditorial scoreMax. leverageMinimum depositPublished spreadCurrent offersPlatformsSupport
XS4.6 / 5.0Up to 1:2000*No stated minimum on selected accountsEUR/USD average 1.1 pips (Standard)Up to JPY 5,000 · Current offer conditions applyMT4 and MT5Check current support channels for your country
HFM4.5 / 5.0Up to 1:2000*From USD 0 on selected accountsFrom 1.4 pips (Premium)20% on every deposit, up to USD 5,000 · 100% on your first deposit, up to JPY 45,000MT4, MT5, WebTrader and HFM AppCheck current support channels for your country
Axi4.4 / 5.0Up to 1:1000*No set first-deposit amount (Standard; payment-method minimums only); USD 500 first deposit (Premium)From 0.7 pips (Standard, EUR/USD)25% of the first deposit, up to USD 500 · JPY 5,000 cashbackMT4, MT5, the Axi trading app (Standard account) and Axi Copy TradingEnglish website and help centre; English-speaking support team available 24/7 (official contact page, checked 1 October 2026)
XMTrading4.3 / 5.0Up to 1:1000*From USD 5 (Standard and Micro)From 1.0 pips (Standard and Micro)No listed current offerMT4, MT5 and XMTD TraderProCheck current support channels on the official site
AXIORY4.2 / 5.0Up to 1:2000* (Max account; 1:1000 on other accounts)No account-level minimum (payment-method minimums only, e.g. JPY 1,100 by domestic bank transfer)From 0.0 pips* (Nano/Tera charge USD 6 round turn)USD 100 no-deposit + 100% first deposit, up to USD 745 · Gold margin moves from a fixed 1:100 to the account leverageMT4, MT5 and cTrader (varies by account)English website; live chat (Monday to Friday, 9:00-17:00 GMT+2) and email support (official FAQ, checked 1 October 2026)
DecodeFX4.2 / 5.0Up to 1:2000*From USD 1 (CENT)From 0.34 pips (STD via this site)*JPY 5,000 or USD 35DecodeFX App, MT4, MT5 and APICheck current support channels for your country
Monaxa4.2 / 5.0Up to 1:2000*From USD 15 (Standard and Cent)From 0.0 pips (Zero)30% on deposits, up to USD 6,000 in total · Deposit USD 25, receive USD 50MT4 and MT5English website; live chat, email and help centre, 24/5 (official support page, checked 1 October 2026)
Exness4.1 / 5.0Up to 1:2000* (unlimited when eligible)Varies by region and payment method (official help centre)From 0.2 pips (Standard)No listed current offerMT4 and MT5Check current support channels on the official site
Vantage Trading4.1 / 5.0Up to 1:2000*From USD 50From 1.5 pips (Standard)Current offer conditions apply · Up to 120%MT4, MT5, WebTrader and Vantage AppCheck current support channels for your country
INFINOX4.1 / 5.0Up to 1:1000*Check the registration flow and current official informationXAU/USD average 17 points (STP)20% trading creditMT4 and MT5English website; live chat and email support (official contact page, checked 1 October 2026)

EDITORIAL CRITERIA

How the ranking is built

The ranking is an editorial comparison of published information. It does not use unverified execution quality, withdrawal speed or unattributed reviews as scoring evidence.

Safety information20%

How clearly the applicable entity, licensing and client-fund information can be checked.

Trading conditions20%

Account options, platforms and information about EA or short-term trading conditions.

Spreads and costs15%

Published spreads, commissions and starting requirements considered together.

Leverage10%

Maximum figures together with account, balance and instrument limits.

Bonuses15%

Eligible account, conditions, expiry and withdrawal-related rules.

Support information10%

Support route and public information available for the relevant country.

Funding information10%

Published deposit and withdrawal routes, name requirements and processing information.

Information and criteria reviewed in August 2026. Account terms and promotions can change. Confirm the entity, terms and current conditions that apply to you before taking action.

FAQ

Forex broker ranking FAQ

Common questions before choosing a broker. Check each broker's official information for account-specific terms.

How is this forex broker ranking decided?

It is an editorial score based on published information, weighted as follows: safety information 20%, trading conditions 20%, spreads and costs 15%, leverage 10%, bonuses 15%, support information 10% and funding information 10%. Rankings are never decided by advertising revenue alone. Execution quality, withdrawal speed and unsourced reviews are not scored because we do not measure them.

Which broker should a beginner start with?

Brokers with a standard account that has no minimum deposit, or that can be opened with a small amount, are the usual starting point. Our purpose-based ranking lists XS, HFM and Vantage Trading for beginners. Test deposits, withdrawals and the platform with a demo or a small balance before trading seriously.

What is zero-cut (negative balance protection)?

If a sharp market move pushes an account balance below zero, the broker resets the negative amount and does not ask the client to deposit the shortfall. Eligibility and exclusions differ by broker, account type and terms, so check the applicable terms before opening an account.

Should I pick the broker with the biggest bonus?

Not on the bonus amount alone. Bonuses have eligible account types, claim conditions, expiry dates, withdrawal rules and forfeiture conditions, and may not be available on the account you actually want to trade. Check whether you can meet the conditions on your account type first. Current offers and their conditions are listed on the bonuses page.

How often is the ranking updated?

Account conditions and promotions are checked against each broker's official information on an ongoing basis, and the order and editorial scores are reviewed monthly. The date of the latest review is shown at the bottom of the page. Always confirm the latest terms with the broker before registering.

Can I hold accounts with more than one broker?

Yes. Many traders use different brokers or accounts for regular trading, bonus offers and EA trading. Note that some brokers restrict multiple accounts or repeated bonus claims under their terms, so check before you register.

What is the difference between the editorial ranking and the users' choice ranking?

The editorial ranking scores published information - safety, account conditions, spreads, bonuses and support - on the same criteria. The users' choice ranking orders brokers by how many times their account-opening buttons were clicked on this site during the previous month and does not reflect the editorial score. In months with too few clicks we do not publish an order. Neither ranking is reordered for advertising fees.

Criteria and listings reviewed on 19 September 2026. Conditions and promotions can change; confirm the applicable entity, terms and latest conditions before registering.